Interested in purchasing investment houses in the 56248 zip code in Herman, MN?
The zip code 56248 is in Grant county with a latitude of -96.136910000000 and longitude of 45.795680000000, is in the state of Minnesota. The average asking price of houses and condos is $24,000.00 and the average sale price was $69,383.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 320 area code. The location in degrees is 45° 47' 44.448" N, 96° 8' 12.876" W. The county F.I.P.S. is 27051. The total land area is 135.3 square miles and the water area is 4.3 square miles. The elevation in this area is 1030 - 1191 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56248 is in county number 149 and is L. Sector 95, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 759 in 2019 and 807 in 2010. This further breaks down to 396 males (52.2%) and 363 females (47.8%). The median age of residents is 54.9 years. The population density (people per square mile) is 6. This zip code has a combined total of 440 houses and condos. There are 95 rented appartments. 27% of residents rent versus the 27% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $68,466 and the average salary is $34,587. The median household income of individuals is $38,785.00 and the average is $63,260.00. This zip code has a mean commute time to work of 22.9 minutes. The unemployment rate is 2.5%. Income earners by percent breakdown as 60.10% (Under $50,000), 33.90% ($50,000-$100,000), and 6.00% earn over $100,000. 7.1% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 85.1. The educational breakdown is 93.9% have a high school education or higher, 17.0% have a bachelor's degree or higher, and 5.4% have some kind of profesional degree.
This area has 368 households and the average size is 2.1 people. Individuals who are single and have never been married are 21.9%, 59.7% are now married, 0.3% are separated, 5.5% are widowed, and 12.7% are divorced. The average yearly contribution amount given by people to charity was $3,967 versus the state average of $3,948. The percent of residents who gave to charity was 23.7%.
The estimated median value of houses and condos is $111,017. The median monthly owner costs of mortgage holders was $1,047, where as the costs for those who don't have a mortgage are $468. The median number of rooms in houses and condos are 6.9 versus apartments which had a median number of 4.6.
The real estate tax percent rate is 0.8% which equated to an average real estate tax amount payment of $890. In comparision, the average real estate tax percent rate in the state is 1.1% which equated to an average real estate tax amount payment in the state of $2,670. The median housing property tax percent for residents with mortgages was 0.9% which amounted to an average tax amount of $850. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.8% which amounted to an average tax amount of $927. Reported taxable interest for persons was $1,205, dividends $2,950, capital gains +$12,089, and itemized deductions $21,536. The average earned income tax credit is $1,760. The percent of individuals that use a tax preparer is 73.7%. The total average income taxes paid by individuals was $8,782. Businesses reported an average profit of $4,143.
Wrap Shack Bar & Grill
308 2nd St, Barrett, MN 56311 (12.5 miles away)
Hans House
116 Central Ave N, Elbow Lake, MN 56531 (14.5 miles away)
Bullfrog's Bar & Grill
100 Dakota Ave, Hoffman, MN 56339 (14.7 miles away)
Old No 1 Bar & Grill
412 Atlantic Ave, Morris, MN 56267 (17.3 miles away)
Chokio Cafe
Chokio, MN 56221 (18 miles away)
Rusty Anchor Tavern
1005 Broadway, Wheaton, MN 56296 (18.7 miles away)
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